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The importance of preparing for a flood

The importance of preparing for a flood

Flooding can cause a myriad of problems at your organization, given the extensive damage water can inflict on vital business tools. The biggest victim has traditionally been physical documentation. A flood in an office storeroom containing thousands of folders of documents, records or contracts can be devastating. Today, much of that risk is alleviated thanks to the conversion from paper records to digital files, but doesn't mean flooding is any less problematic.  The serious flooding ...
Why risk evaluation can prepare an organization for a potential disaster

Why risk evaluation can prepare an organization for a potential disaster

No company, regardless of its location, is impervious to the effects of a disaster. Each region has its own inclement weather, so even though a business in southern California likely won't have to worry about blizzards in the winter, residents are concerned about earthquakes, among other potential incidents prevalent in their area.  Furthermore, some business disasters have nothing to do with the weather. Theft or a loss of information can be just as detrimental to ...
Workplace accident showcases importance of California business insurance

Workplace accident showcases importance of California business insurance

Workplace accidents can happen in any industry across the country, and business managers must ensure they are equipped with the right insurance solutions to mitigate any challenges that could arise from an unforeseen incident. This is particularly true in industrial organizations, where the natural environment may present more physical risks than a standard office setting. If risks are not properly managed, the financial consequences could be dire.  For example, a Maine man recently received a ...
Simple tips to keep your business prepared for any situation

Simple tips to keep your business prepared for any situation

This blog previously discussed the situation along the New Jersey shore, and how many companies and residential areas are working to recover from the devastation. Some shops had already braced against Hurricane Sandy, and then a fire was piled on top of that. While the right California business insurance policy might not need to account for the same events, it is important that west coast companies prepare themselves well in advance. Reopening business doors after ...
Human error underscores need for strong technology insurance

Human error underscores need for strong technology insurance

To err might be human, but not having the right technology insurance in place is one error no business ever wants to make. With more companies becoming reliant on technology, it is increasingly important for those organizations to invest in comprehensive policies. Whether a data breach occurs from human error or from an outside source, a business needs to be able to recover quickly to reassure customers and resume daily operations. Minnesota's new online health insurance exchange ...
Is your business really prepared for any scenario?

Is your business really prepared for any scenario?

In the business world, cause and effect is very important. For example, if a company can create a product customers want, the effect will likely be that the organization sees positive growth. However, there are also negative aspects that entrepreneurs must remain aware of. In terms of business insurance policies, owners need to consider how various situations could affect their daily operations for the short- and long-term. Colorado business owners are feeling Mother Nature's wrath, after several ...
New Jersey shore fire devastates rebuilding businesses

New Jersey shore fire devastates rebuilding businesses

This blog has previously discussed the damages that result from severe weather, and how businesses of all sizes can be affected. Last week, many New Jersey businesses that were still recovering from last year's Hurricane Sandy were hit with another blow when a fire broke out. On Thursday afternoon, the six-alarm blaze began in a frozen custard stand on the Seaside Park portion of the boardwalk. Winds reaching 15 to 20 miles per hour helped fuel the blaze, ...
Avoid excessive business costs with the right insurance policy

Avoid excessive business costs with the right insurance policy

Cutting costs does not have to mean cutting corners in the business world. Those who run their own company can stay cost-effective while still putting their best foot forward in their respective industry. A recent Business 2 Community contribution piece suggested several simple ways for businesses to cut costs. One strategy is implementing digital alternatives whenever possible. For example, entrepreneurs can use online banking for bill payments, to ensure that a due date is never missed.  "You ...
National Preparedness Month: An ideal time to review your insurance

National Preparedness Month: An ideal time to review your insurance

At the beginning of September, the Federal Emergency Management Agency (FEMA) announced its launch of the 10th annual National Preparedness Month (NPM). According to the organization's website, NPM "is a nationwide effort encouraging individuals, families, businesses and communities to work together and take action to prepare for emergencies." The organization wants to underscore the importance of communities creating strong emergency preparedness plans for numerous situations. While the main idea is to keep residents ready for events ...
Why all industries must be educated on technology insurance

Why all industries must be educated on technology insurance

Technology insurance is a policy that might not be considered by business owners until it is too late. However, research shows that data breaches not only affect all types of companies, but they are not always related to the newest innovations. Verizon's 2013 Data Breach Investigations Report showed that a majority of security issues in the last year happened with point-of-sale devices. Breaches from database servers, backup tapes and documents were much rarer. According to the ...